Helping to share the web since 1996

Musk puts hold on Twitter Takeover and Clarifies about Fake Accounts

Elon Musk arrived at the Met Gala themed In America: An Anthology of Fashion at the Metropolitan Museum of Art on May 2nd, 2022 in New York City, New York, USA. After all the attention he’s garnered in what appears to be the biggest stock deal of the year, now Elon Musk has confirmed that the $44,000 deal to buy Twitter is on hold.

The decision is made while waiting to receive data on the number of fake or spam accounts that exist on the social network United States and with the beginning of the session, the collapse gradually softened. Under the terms of the deal, either Twitter or Musk must pay the other party $1 billion in damages if they opt out of the deal.

Musk has resisted blocking spam accounts in the past. One of his priorities, he said, has been to clean up the platform and remove the bots and spam accounts, which he believes are degrading the quality of the platform

Twitter reported more than two weeks ago that fake accounts accounted for less than 5% of its daily active users in the first three months of the year. However, the company said it used significant judgement in determining the number of spam accounts, so our estimate of fake or spam accounts may not reflect the actual number of such accounts. The actual number of fake or spam accounts may be higher than we estimated.

Musk, the richest man in the world according to Forbes magazine, is now investigating that number. Many American politicians have complained about the closure of their accounts.

Many American political leaders complained about the closure of their accounts. Twitter has long had a problem with automated fake accounts being used to relentlessly post content.

Musk has called for defeating spam bots on Twitter, as well as several other changes. including restoring some suspended accounts, such as that of former US President Donald Trump. Future scenarios Dan Ives, a technology analyst at investment firm Wedbush Securities, said Musk’s tweet would make this Friday the 13th a day of horror for Twitter.

Will Trump return to Twitter?
The nature of Musk, creating so much uncertainty with a single tweet, worries us greatly. There are many unanswered questions about where the deal will go. The Tesla boss’s latest move comes after an announcement that two Twitter execs will be leaving the platform. Kayvon Beykpour, who ran Twitter’s consumer division, and Bruce Falck, who oversaw it

back to news headlines